SEATTLE--(BUSINESS WIRE)--Dec. 11, 2007--Amazon.com (NASDAQ:AMZN)
today announced it has signed an agreement with Bill Me Later, Inc., a
leading provider of alternative payment technologies, to make the Bill
Me Later payment option available on the Amazon.com website. The
company also announced it is making an equity investment in Bill Me
"Bill Me Later has developed a very customer-centric method to
make online shopping even easier," said Matt Swann, vice president of
payments at Amazon.com. "We are pleased to make the convenience of
Bill Me Later available to our tens of millions of Amazon customers."
Bill Me Later is among the most widely adopted alternative payment
technologies for the largest online retailers. Bill Me Later enables
consumers to shop online without using a credit card and helps
retailers simplify the payment experience.
"Amazon.com and Bill Me Later share the same commitment to making
shopping easy for consumers," said Gary Marino, CEO of Bill Me Later.
"Just as Amazon invented a new and better way for people to shop
online, Bill Me Later has created a new and better way for people to
pay for purchases online."
The terms of Amazon's investment have not been disclosed. The
transaction, which is subject to customary closing conditions, is
expected to close in the first quarter of 2008.
About Bill Me Later
Bill Me Later is a technology company helping to connect leading
merchants with high value customers by improving the purchase
experience. Bill Me Later's payment and marketing technology solutions
help establish and maintain trusted relationships between hundreds of
top tier retailers and high value customers at the point-of-sale. The
solutions are the first new payment methods since credit cards to be
so broadly available within the United States. For more information,
Amazon.com, Inc., (Nasdaq:AMZN), a Fortune 500 company based in
Seattle, opened on the World Wide Web in July 1995 and today offers
Earth's Biggest Selection. Amazon.com, Inc. seeks to be Earth's most
customer-centric company, where customers can find and discover
anything they might want to buy online, and endeavors to offer its
customers the lowest possible prices. Amazon.com and other sellers
offer millions of unique new, refurbished and used items in categories
such as health and personal care, jewelry and watches, gourmet food,
sports and outdoors, apparel and accessories, books, music, DVDs,
electronics and office, toys and baby, and home and garden.
Amazon and its affiliates operate websites, including
www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.co.jp,
www.amazon.fr, www.amazon.ca, and the Joyo Amazon websites at
www.joyo.cn and www.amazon.cn.
As used herein, "Amazon.com," "we," "our" and similar terms
include Amazon.com, Inc., and its subsidiaries, unless the context
This announcement contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Actual results may differ
significantly from management's expectations. These forward-looking
statements involve risks and uncertainties that include, among others,
risks related to competition, management of growth, new products,
services and technologies, potential fluctuations in operating
results, international expansion, outcomes of legal proceedings and
claims, fulfillment center optimization, seasonality, commercial
agreements, acquisitions and strategic transactions, foreign exchange
rates, system interruption, significant amount of indebtedness,
inventory, government regulation and taxation, payments and fraud.
More information about factors that potentially could affect
Amazon.com's financial results is included in Amazon.com's filings
with the Securities and Exchange Commission, including its Annual
Report on Form 10-K for the year ended December 31, 2006, and all
Schwartz Communications (for Bill Me Later)
Media Relations Hotline, 206-266-7180